DAN GILBERT

A new wave of development is rippling through downtown Detroit as the city moves on from its legendary bankruptcy.

Darius Garland strengthened his All-Star case with 22 points and 12 assists, leading the Cleveland Cavaliers to a 114-107 win over the Brooklyn Nets, who began a stretch without injured superstar Kevin Durant.

The Cavaliers intend to keep Kevin Love around.

The effort is kicking off with $15 million to pay off the property tax debt of 20,000 of the city's poorest homeowners. The $15 million Detroit Tax Relief Fund will leverage existing state and local programs that eliminate or reduce property tax bills, then pay off the remaining tax bill. It will be administered by a local nonprofit that also will provide counseling to homeowners to keep them out of future property tax debt. “It’s a problem that is ... massive and it's contagious.”Quianna Sims is one of the Detroit homeowners who will have their tax debt paid off. ___This story has been updated to correct that the Detroit Tax Relief Fund is only the $15 million that will pay off the property tax debt.

Tuesday's dramatic and abnormal spike in the stock of Rocket Companies created a major windfall for founder Dan Gilbert, at least on paper. Shares of Rocket, where Gilbert is the majority shareholder, jumped more than 70% on Tuesday, adding $17.30 per share. According to InsiderScore.com and securities filings, Gilbert owns roughly 1.9 billion shares of Rocket, putting his paper gain on the stock at more than $32 billion. The move pushed Gilbert into the top-20 of Bloomberg's Billionaire Index, with roughly $64 billion. Rocket, the parent company of Quicken Loans and Rocket Mortgage, went public last August.

Detroit's downtown is transforming in large part thanks to billionaire Quicken loans founder Dan Gilbert who has poured millions into redeveloping the area's commercial real estate, relocating many of his businesses to the area. Hide Caption

Rebounding relationship: Cavaliers owner and LeBron James forgive and forget LeBron James, NBA's most sought after free agent, agreed to a 2-year, $42 million contract return to the Cleveland Cavaliers. Dean Reynolds reports from Cleveland on the long road to get Cavaliers owner Dan Gilbert and James back together.

Quicken Loans founder on Warren Buffet's "bracket" pitch Dan Gilbert, the founder and chairman of Quicken Loans, discusses how Warren Buffett pitched the idea of his $1 billion bracket challenge, and why he may be second-guessing buying insurance for the contest.

Dan Gilbert on balancing his many businesses Dan Gilbert discusses how he juggles his responsibilities as the founder and chairman of Quicken Loans, majority owner of the Cleveland Cavaliers, chairman of Rock Ventures LLC, and many other business ventures.

Dan Gilbert talks $1 billion bracket challenge Cleveland Cavaliers majority owner and Quicken Loans founder Dan Gilbert has teamed up with Warren Buffett to offer $1 billion to anyone who picks a perfect bracket. Gilbert discusses the odds of picking the perfect bracket, Lebron James leaving the Cavaliers, and his efforts to revive Detroit with the "CBS This Morning" co-hosts.